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Norway On Track for Regulated Online Gambling

Wednesday, March 4th, 2020

Norway On Track for Regulated Online Gambling

Norwegian Culture Minister Thorhild Widvey is seeking to liberalize Norway’s online gambling laws.

Norway’s ambition to legalize on the web gambling has moved one action closer: the country’s customs Committee has required an effect evaluation on dramatic regulation proposals that could completely open the market up. The committee will closely examine the experiences of other countries, such as for instance Sweden, Denmark therefore the UK, before drafting its own legislation that the federal government hopes to implement next year.

Norway currently has some of the tightest gambling controls in Europe. Online gambling is largely illegal in the nation, with only two companies that are state-owned to provide restricted games of chance to its citizens, Norsk Tipping and Norsk Rikstoto. Norsk Tipping offers games like lotteries, keno and some sports betting, and falls under the jurisdiction associated with Ministry of community and Church affairs, which ensures that players are just permitted to place bets at certain times of the day and imposes restrictions in the amount players are allowed to bet. Norsk Riksoto, meanwhile, offers parimutuel betting exclusively for horseracing.

Nothing to Bank On

In 2010, the federal government passed a law that banned Norwegian banks from processing all kinds of gambling transactions, online and live, not just within Norway, but all over the world, really barring Norwegians from utilizing their c (more…)